SCHEDULE: Fusion Fuel Green Boosts Quality Industrial Stake to 51.9%

Fusion Fuel Green PLC converted preferred stock into common shares, increasing its beneficial ownership in Quality Industrial Corp. to 51.9%.

Summary

• Fusion Fuel Green PLC converted 8,500 shares of Series B Convertible Preferred Stock of Quality Industrial Corp. into 8,500,000 shares of common stock.
• The conversion was effected on February 23, 2026, for no cash consideration, in accordance with the Series B Certificate of Designation.
• Following this conversion, Fusion Fuel Green PLC beneficially owns a total of 100,312,334 shares of Quality Industrial Corp. common stock.
• This represents approximately 51.9% of the outstanding common stock of Quality Industrial Corp.
• The percentage is calculated based on 193,266,631 shares of common stock outstanding as of March 23, 2026.
• Fusion Fuel Green PLC holds sole voting and dispositive power over these beneficially owned shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as Fusion Fuel Green PLC's increased majority stake signifies a stronger commitment and control over Quality Industrial Corp., potentially leading to more unified strategic direction.

Positives

• Fusion Fuel Green PLC has increased its beneficial ownership in Quality Industrial Corp. to a majority stake of 51.9%, indicating strong commitment and control.
• The conversion of preferred stock into common stock simplifies the capital structure for Fusion Fuel Green PLC's holding in Quality Industrial Corp.

Future Outlook

The filing does not contain any explicit forward-looking statements or guidance regarding future operations or financial performance.

Industry Context

StockSavvy.ai notes that an increase in a strategic investor's beneficial ownership to a majority stake, particularly through preferred stock conversion, often signals a deeper integration or strategic alignment between the two entities. This move by Fusion Fuel Green PLC could indicate a more hands-on approach in Quality Industrial Corp.'s operations or a consolidation of strategic interests, common in industries undergoing transformation or seeking synergistic opportunities.

Comparison to Industry Standards

• StockSavvy.ai notes that a 51.9% beneficial ownership stake is a clear majority, granting Fusion Fuel Green PLC significant control over Quality Industrial Corp.'s strategic direction and operational decisions.
• This level of control is comparable to that seen in strategic acquisitions or consolidations, such as when Siemens acquired a majority stake in Gamesa Renewable Energy to form Siemens Gamesa, or when Tesla acquired SolarCity, aiming for vertical integration.
• While the specific business activities of Quality Industrial Corp. are not detailed in this filing, such a significant ownership position typically implies a long-term strategic investment rather than a purely financial one, aligning with patterns observed in major industry players seeking to secure supply chains, expand market reach, or integrate technologies.

Legal Proceedings

• Neither Fusion Fuel Green PLC nor its executive officers and directors have been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
• Neither Fusion Fuel Green PLC nor its executive officers and directors have been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws during the last five years.

Related Party Transactions

• The filing references several agreements (Stock Purchase Agreement dated November 18, 2024, and Stock Purchase Agreement dated August 1, 2025) between Fusion Fuel Green PLC and Quality Industrial Corp., which are related party transactions given Fusion Fuel Green PLC's significant ownership.
• The conversion of Series B Convertible Preferred Stock into common stock is a transaction between Fusion Fuel Green PLC and Quality Industrial Corp.

Stakeholder Impact

• Shareholders of Quality Industrial Corp.: The increased majority ownership by Fusion Fuel Green PLC could lead to more stable governance and strategic direction, but also potentially less influence for minority shareholders.
• Fusion Fuel Green PLC: Gains greater control and a larger equity stake in Quality Industrial Corp., aligning its interests more closely with the Issuer's performance.

Key Dates

Recommendation

The filing indicates a significant increase in Fusion Fuel Green PLC's control over Quality Industrial Corp. through a preferred stock conversion, solidifying its majority stake. While this move suggests strategic alignment and commitment, it is a pre-planned event rather than a new strategic initiative or financial performance update. For existing investors, it reinforces the existing strategic relationship. For potential investors, it clarifies the ownership structure but doesn't provide new fundamental data to warrant a strong buy or sell, hence a 'hold' is appropriate pending further operational or financial disclosures from Quality Industrial Corp.

Keywords

Fusion Fuel Green PLC, Quality Industrial Corp., Schedule 13D/A, beneficial ownership, common stock, preferred stock conversion, majority stake, SEC filing, equity ownership